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Juliab please check for the contact information for Dr. Loyola, he should be able to answer your questions.
Please note that you have amuch better chance of reaching him by TELEPHONE as he doesn’t get on his computer too much.
Scott Oliver – Founder
WeLoveCostaRica.comI am offered money for “favorable” real estate reviews every week and so far have turned down all of them. I didn’t start this site for money, I make a great living already and if making money was my goal I wouldn’t have just removed 90% of the Google ads (some straggling code remains and is being removed).
100% of the developers recommended on this site have been invited by me personally to be a part of what we do because we only recommend experienced developers with a proven track record of delivery a quality product in Costa Rica.
There may be exceptions to that rule at some stage in the future but as far as I am concerned this is not an exception and just because hundreds of others are doing it, doesn’t mean that you should do it.
Millions of people thought they were right when they bought a variety of stock investments that had the words DotCom in them too…..
Scott Oliver – Founder
WeLoveCostaRica.comI’m crushed.
1. I have no desire to visit the project and take at least a day of my valuable time because as you know from this site I only recommend experienced developers with a proven track record of building quality real estate, nobody has shown me that this is the case with this company.
2. As you know there are also many questions regarding the “questionable” background of some of the founders of this company. When there are so many experienced developers with a proven track record of building quality real estate, why would I want to waste my allowing them to try and persuade me that this “questionable” background doesn’t matter any more?
3. It’s like comparing mutual funds, why would I want to invest in a new fund with no track record especially when the fund manager has had ‘legal difficulties’ in the past when there are dozens of other funds with great track records and squeaky clean histories.
4. In my forum posting of Jul 11,2006 at 1:20 PM (https://www.welovecostarica.com/members/forum/openthread.cfm?forum=1&ThreadID=525 ), I stated the following:
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The Florida Department of State Division of Corporations website at clearly confirms that Ellis Kahn is named as the “Manager” of Costa Land Developers, LLC
The name of Ellis Kahn comes up as a “corporate officer” of a number of other Florida corporations, many of which do have financial sounding names which is where it would appear that Ellis Kahn has had some serious regulatory problems.
Mr. Ellis Kahn’s name is mentioned in an article entitled “The Real Boiler Room. Hollywood’s International Currency Management specialized in trading foreign currency — and helping clients’ money disappear” which you can see at:
According to “Kahn was the president and a principal of JCC. (Full company name JCC Inc) which was “expelled’ from the NFA (National Futures Association) which you can see at
You can see the serious allegations of United States Court of Appeals, Eleventh Circuit. No. 94-4561. JCC, INC., Ellis K. Kahn, Paul Richard Bell, Petitioners, v. COMMODITY FUTURES TRADING COMMISSION, Respondent. Sept. 15, 1995. detailed on the CaseLaw website at
JCC and Ellis Kahn are also mentioned in an arbitration proceeding detailed at where in the “Summary of Issues” JCC Inc it speaks of: “MISREPRESENTAION OF PROFIT POTENTIAL AND IMPORTANCE OF ACCOUNT OPENING DOCUMENTS, EXCESSIVE TRADING IN ORDER TO GENERATE COMMISSIONS, FAILURE TO DISCLOSE RISK, HIGH PRESSURE SALES TACTICS, FAILURE TO NOTIFY CUS- TOMER OF DEPLETED BALANCE, FAILURE TO PROTECT CUSTOMER.”
Needless to say that we are referring to one person here – Ellis Kahn – the “Manager” of Costa Land Developers, LLC. The company in Costa Rica may have some very experienced people behind it even though it would appear that Mr. Kahn has absolutely no experience in land development in any country never mind Costa Rica.
We would ask any of you that are in communication with this company to email them this information and ask them to inform us in this forum of what kind of previous experience Mr. Ellis Kahn has land development in Costa Rica.”
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5. At one of our VIP Members known as debbiesurfs asked the following question: “Can you conform what involvement Ellis Kahn has in this company Costa Developers because it looks to me like he has had a very ‘colorful’ career and some serious problems in the USA?”
And the attorney for Costa at that time Arnaldo Bonilla chose not to answer the question.
6. Why would Banco Nacional tell me that you would have 2% in commission expenses never mind other costs?
7. I have never misled people and don’t plan on starting now. If you can show me where that has happened, I would be happy to address the issue for you.
8. As you can see from my posting above, I have asked this question before but I’ll ask again.
A: We would ask what kind of previous experience Mr. Ellis Kahn has with any kind of development in Costa Rica or anywhere else for that matter.
B: What is his involvement with the company now since his name is rarely mentioned.
Scott Oliver – Founder
WeLoveCostaRica.comI don’t know about the rest of the people in this forum but I have to confess that I am TOTALLY confused about residency now and would encourage you to see expert counsel rather than what is normally anonymous help – and not expert legal opinions – in any Discussion Forum.
Best wishes
Scott Oliver – Founder
WeLoveCostaRica.comWhat a great saying!
“The opportunity of a lifetime comes by every 7 days and you were there to snatch it…”
Is that yours Rick?
Write us an article about that! P-L-E-A-S-E!
Scott Oliver – Founder
WeLoveCostaRica.comI think Maravilla is right, I have been unsuccessfully searching for a source for you but vaguely recall that there is a list of dogs that are considered ‘dangerous’ that cannot be imported.
Scott Oliver – Founder
WeLoveCostaRica.comThere may be a slight note of sarcasm here 😉 and I would be genuinely STUNNED if this is indeed the case but I have already emailed a friend at that bank for a confirmation…
So daisyinmiami you’re saying that Banco Nacional in Costa Rica would finance you – I’m assuming a non-resident of Costa Rica – with enough money for the construction of your entire home with zero out of pocket expenses simply by using your lot as collateral?
This would be a first for me and I do know some of the banks quite well but this is great news…
PLEASE help me to help our VIP Members by telling me who at Banco Nacional told you this because we could bring them a TON of new business.
We all very much look forward to hearing from you.
Scott Oliver – Founder.
WeLoveCostaRica.com
Author of ‘How To Buy Costa Rica Real Estate Without Losing Your Camisa.’There is a place on the lower level of Plaza Itzkatsu in Escazu that sells pool tables.
Plaza Itzkatsu is opposite PriceSmart and the store is opposite the Outback Steakhouse restaurant and below Hooters.
Now that does not sound like Costa Rica ta all, does it?
Yuk!
Scott OLiver – Founder
WeLoveCostaRica.comHouse payments obviously depend on the price of the house… Is that a $150,000 house or a $1,000,000 house?
This is question for whom? Who is “everyone?” Someone living in a $500K house at the beach with three teenage children who spend hours on the telephone each day?
Food? For what kind of food? I eat imported salmon and drink fine wines regularly? Is that what you are asking?
The more specific your question, the more helpful your answer will be?
Scott Oliver – Founder
WeLoveCostaRica.comIf you search the site for ‘IRA’ there are a couple of articles here that might help…
Costa Rica Real Estate in Your IRA – Tapping into your Personal Land Bank at
Costa Rica Real Estate in your IRA – 12 Steps
Costa Rica Real Estate in Your IRA
You know you cannot technically LIVE in that house if you own it in your IRA right?
Scott Oliver – Founder
WeLoveCostaRica.com1. Sadly verbal agreements mean nothing anywhere.
2. You really should have seen an attorney BEFORE signing that agreement and I am not sure if there’s anything that you can do now.
3. Renters absolutely do have rights (sometimes it’s VERY difficult to remove a renter from a property) and it would be worth checking with an attorney of yours to see what options you have…Scott Oliver – Founder
WeLoveCostaRica.comThere are many people here who belong to that association and for some, it has been a worthwhile thing to do.
What I have heard from quite a few is that they are disappointed that after they joined and paid their dues that it’s not an ‘association’ that exists merely to improve you lives here but they discover that it’s just another ‘for profit’ organization where they will earn a commission from each service provider that sells their services to you and where they will earn the usual sales commissions when their real estate arm sells you a home etc. etc.
Scott Oliver – Founder
WeLoveCostaRica.comThanks for sharing
This person proudly sums her life up in her ‘About me’ section as:
“After living the ‘Sex in the City’ lifestyle in Manhattan I got fed up with the bullshit of dating hundreds of men, not having much direction and being stuck in the rat race without seeing any real pay-off.”
Obviously a real intellectual.
Then continues with her blog which is full of the f…. word and uses the following terms on a regular basis to describe the Ticos
“master of idiots”
“ship of fools”
“complete idiots”
“f……ng morons”
“my idiot contractor”She then states that “apparently i’ve insulted them and humiliated them.”
I can’t imagine why she’s having problems and just not getting along with people…
Scott Oliver – Founder
WeLoveCostaRica.comThere are many banks that would be happy to help you with a line of credit in the USA to help you buy a home that has already been built in Costa Rica as long as you have some sort of security, or a home equity loan based on the equity you have in your own home there but I doubt if any of them would loan you money to buy land and then build a home in a foreign country.
There are too many risks involved for the bank, Costa Rica is a foreign country and as you say you are “young” which I’m assuming not only means that you “don’t know much about banking” but know very little about building it for them but PLEASE prove me wrong!
The first step would be to speak with your existing bank and ask them. If they cannot help you, ask them if they know a bank that will.
If you find a bank that is willing to help you, PLEASE let us know.
Scott Oliver – Founder
WeLoveCostaRica.com
